| 2022 | January | 1

  • AKD Securities Limited – Economic Focus (August 01, 2022)

    Karachi, August 01, 2022 (PPI-OT): Economic challenges continue for Pakistan National CPI was recorded at 24.9% in Jul’22, driven by higher international oil prices and weakness in the currency. To recall, CPI rose by 21.3%YoY in Jun’22, taking FY22 average inflation to 12.15%, well above SBP’s forecast of 9% – 11%. Average inflation for FY23…

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  • AKD Securities Limited – AKD Daily Technicals (August 01, 2022)

    Karachi, August 01, 2022 (PPI-OT): KSE-100: Monthly closing below 50-SMA The index opened on a negative note and remained volatile throughout the last trading session. The local bourse posted an intraday high of 145pts, a low of 250pts and concluded with a loss of (down) 126pts to settle at 40,150pts. The volumes witnessed in the…

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  • AKD Securities Limited – AKD Daily (August 01, 2022)

    Karachi, August 01, 2022 (PPI-OT): Pakistan Strategy: Jul’22 Market Review and Outlook FY23 started off on a weak note with index shedding 3.3% of its value in Jul’22. This took the cumulative index return during CY22 to 10.6%. Jul’22 was also a difficult year for PkR as the local currency shed ~17% of its value…

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  • Industrialists are considering relocating businesses: Mian Zahid Hussain

    Karachi, August 01, 2022 (PPI-OT):Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said three economic crises have occurred in the last three years due to economic mismanagement. The public is tired due to the economic disasters, businessmen…

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  • VIS Reaffirms Corporate Governance Rating of Pak Oman Investment Company Limited at CGR-9

    Karachi, August 01, 2022 (PPI-OT):VIS Credit Rating Co. Ltd. (VIS) has reaffirmed the Corporate Governance Rating of Pak Oman Investment Company Limited (POIC) at ‘CGR-9’. The rating signifies very high level of corporate governance. The previous rating action was announced on July 16, 2021. Corporate governance ratings are based on evaluation of key governance areas…

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  • VIS Maintains Entity Ratings of Indus Home Limited

    Karachi, August 01, 2022 (PPI-OT):VIS Credit Rating Company Limited (VIS) has maintained entity ratings of Indus Home Limited (IHL) at ‘A-/A-2’ (Single A Minus/A-Two). Outlook on the rating has been revised from ‘Positive’ to ‘Stable’. Long-term entity rating of ‘A-’ reflects good credit quality, adequate protection factors. Risk factors may vary with possible changes in…

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